About the Researcher Exchange and Development within Industry initiative

The Researcher Exchange and Development within Industry (REDI) initiative will invest $4 million in 2022-23 to provide researchers with:

  • industry placements
  • mentoring
  • exchange programs
  • exposure to entrepreneurialism
  • skills in research translation and commercialisation
  • a diverse range of experiences beyond the research lab.

Why it is important

Australia’s medical technology, biotechnology and pharmaceutical sector supports tens of thousands of Australian jobs and contributes billions to the Australian economy. Its future is dependent on the skills of its workforce.

Critical gaps that inhibit the development of an industry-ready workforce need to be addressed in order for Australia’s medical technology, biotechnology and pharmaceutical workforce to meet future demands and to keep pace with a rapidly changing environment. The challenge of developing and retaining world-class research talent who have industry experience in research translation, clinical development, and commercialisation has to be confronted if Australia is to unlock the value of its leading health and medical research.

Objectives

The objective of this initiative is to foster partnerships between industry, universities, registered training organisations and governments, and strengthen Australia’s success in research translation and commercialisation.

This initiative aims to strengthen Australia’s ability to turn research ideas into realities by:

  • developing partnerships between the research world and industry
  • providing researchers with a wide range of experiences and exposure to the business world, broadening their working experience, and helping researchers understand how to commercialise their research (develop ideas into real products that can benefit Australia).

Meeting our objectives

We will monitor the initiative in accordance with the principles and approach detailed in the MRFF Monitoring, evaluation and learning strategy.

Who we work with

The Medical Research Future Fund (MRFF) funds the initiative.

Our Health and Medical Research Office oversees this and other MRFF initiatives.

The Department of Industry, Science, Energy and Resources administers this initiative.

MTPConnect delivers the initiative. Visit the MTPConnect website to learn about:

Apply for funding

View the MRFF grants calendar to see which grants are open, when applications close and when we expect to award funding.

Register with GrantConnect to receive notifications about future funding opportunities under this initiative.

Grants awarded

See a list of all MRFF grant recipients.

Contact

For more information, contact us. 

Medical Research Future Fund (MRFF) contact

Contact for more information about the Medical Research Future Fund (MRFF), or to provide feedback on the MRFF website.

General enquiries:
MRFF [at] health.gov.au
MRFF website or newsletter feedback:
HMRO [at] health.gov.au

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Department of Industry, Science, Energy and Resources

Contact the Department of Industry, Science, Energy and Resources from 8am to 8pm, Monday to Friday (excluding public holidays).

Medical Research Future Fund enquiries
MRFF [at] industry.gov.au

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MTPConnect contact

MTPConnect is administering the BioMedTech Horizons, the Biomedical Translation Bridge, a Stream under Early Stage Translation and Commercialisation Support, and the REDI initiative. Contact MTPConnect for information about these activities (funded by the MRFF).

info [at] mtpconnect.org.au
Postal addresses: 
Ground Floor, Suite 2
155 Cremorne Street
Cremorne VIC 3121

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Last updated: 
29 March 2022